Award

Global Custody Service

ROYAL BOROUGH OF GREENWICH

This public procurement record has 1 release in its history.

Award

28 Mar 2019 at 15:02

Summary of the contracting process

The procurement process pertains to the Royal Borough of Greenwich, which sought a Global Custody Service valued at £225,000 for government employee pension schemes. This open procedure tender concluded on 1st March 2019, with the contract commencing on 1st June 2019 and set to run until 30th June 2024. The service is centrally located in London, United Kingdom, and encompasses additional classifications such as portfolio and pension fund management services.

This tender presents significant opportunities for businesses specialising in financial and investment management services, particularly those with expertise in government employee pension schemes. Firms capable of managing large-scale financial portfolios would be well-positioned to compete, especially those with established track records in providing custody and investment services to public sector organisations.

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Notice Title

Global Custody Service

Notice Description

Global custody service

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8ca3cfc5-3bb7-4735-8dfa-e2b3949e9cad
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2458794c-b78f-4e8b-8257-9dc6dcc3b197
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

75 - Administration, defence and social security services


CPV Codes

66131100 - Pension investment services

66140000 - Portfolio management services

66141000 - Pension fund management services

75320000 - Government employee pension schemes

Notice Value(s)

Tender Value
£225,000 £100K-£500K
Lots Value
Not specified
Awards Value
£756,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
28 Mar 20196 years ago
Submission Deadline
1 Mar 2019Expired
Future Notice Date
Not specified
Award Date
28 Mar 20196 years ago
Contract Period
31 May 2019 - 1 May 2024 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
ROYAL BOROUGH OF GREENWICH
Contact Name
Delroy Hurst
Contact Email
delroy.hurst@royalgreenwich.gov.uk
Contact Phone
+44 2089215255

Buyer Location

Locality
LONDON
Postcode
SE18 6HQ
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI51 Bexley and Greenwich
Delivery Location
TLI London

Local Authority
Greenwich
Electoral Ward
Woolwich Arsenal
Westminster Constituency
Greenwich and Woolwich

Supplier Information

Number of Suppliers
1
Supplier Name

NORTHERN TRUST

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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